Verrica Plans Restructuring Of Its Sales And Operating Teams To Reduce Costs And Expand Access To YCANTH For Treatment Of Molluscum Contagiosum
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Verrica Pharmaceuticals is restructuring its sales and operating teams to cut costs by 50% while supporting YCANTH for molluscum contagiosum treatment. The company will incur a $1 million one-time restructuring charge and reduce sales territories from 80 to 35.
October 02, 2024 | 11:31 am
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Verrica Pharmaceuticals is restructuring to reduce costs by 50% and support YCANTH as a treatment for molluscum contagiosum. This includes a $1 million restructuring charge and a reduction in sales territories from 80 to 35.
The restructuring aims to significantly reduce costs while maintaining support for YCANTH, which could stabilize the company's financials. However, the $1 million charge and reduced sales territories may have mixed short-term effects on stock price.
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